The choice of how to produce in a command economy is determined by
ECONOMICS
JAMB 2014
The choice of how to produce in a command economy is determined by
- A. government
- B. consumer
- C. industrialists
- D. labour unions
Correct Answer: A. government
Explanation
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale. It also determines investments and incomes. The command economy is a key feature of any communist society.
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